Oil shows multidirectional dynamics on news on stimulating the global economy

Oil is trading mixed this morning. At 10:29 mark Brent declined 0.91% to $ 26.10, while WTI, on the contrary, grew 0.58% up to $ 22.73. Earlier in the morning, both brands showed growth, pushing towards what was the news about economic stimulus measures in the world - they managed to distract investors from pessimistic sentiment due to the fall in oil demand amid the pandemic coronavirus. Yesterday during the emergency virtual summit of the G20 chapter states have announced their intention to allocate more than $ 5 trillion for maintaining the global economy. In particular, various countries financial assistance will be provided to smooth out economic, financial and social impacts caused the spread of the virus. Meanwhile, experts, including an analyst at Rystad Energy Artem Chen, warn that in the second quarter oil prices may reach negative values ​​in some regions of the world. The TASS agency writes about this, referring to the results the survey conducted.